We all know the automaker Company Chevrolet and General Motors for their low prices with big savings, incentives, and attractive specials on a selection of new Chevy SUVs, trucks, and cars. This month’s specials for new Chevy trucks won’t disappoint you. Some great chevy truck lease deals are there for the taking if your truck lease is expiring at the end of the year.
The good news is that these deals are not just for current lessees, with prospective drivers signing up for conquest bonus cash offers. It means you can sign up for a truck lease at lower rates, and even get a $0 down deal if you are in luck. However, these incentives don’t translate into the cheapest leases in the market.
Leasing offers the simplest way to get a new truck every few years. Not only that, but it is also a great deal since you let the car dealer think of how to dispose of the old one. However, we find it essential to point out that leasing is not for everyone. Before signing up for a new Chevy truck lease, you need to know that leasing usually costs you much more than just financing the truck purchase from the outset.
If you feel you might want to purchase the truck, do that from the onset. Only lease when you are sure that you don’t intend to keep the truck long term. Otherwise, some short term car lease deals can provide greater savings.
If you normally trade for a new truck every three to four years, you will want to keep off the loan down payment, varying between 10% and 20%, and drive the normal mileage per year of about 10,000 to 12,000 miles that most leases allow.
Moreover, you should commit to keeping the vehicle in good condition, for a happy leasing experience with chevy truck lease deals. A well-maintained Chevy truck will prevent or at least minimize the end-of-lease penalties.
The Best GMC and Chevy Truck Lease Deals
Now that General Motors (manufacturer for Chevy trucks) has stopped making cars to focus on trucks and utility vehicles, you should expect some great deals on the new truck leases this year.
In the new tactical plan, Chevrolet is availing multiple cashback offers to enhance General Motors’ recent restructuring. So, what should you be expecting for this year’s truck leases?
Top Chevy Truck Lease Deals
With savings on the Chevrolet truck model you want, are you ready for a trade-in of your current drive for a hot new Chevy truck? Chevrolet is giving out deals on various models, carrying competitive incentives and offers. These incentives do not end with the new 2020 model trucks. There are amazing deals on chevy truck lease deals while supplies last.
Shoppers in some parts of the country are leasing the new Chevy Colorado at $339 per month over 39 months, with $4,599 when signing. Buying seems to have more offers with a $2,000 cash rebate, and $1,250 cashback for the 2020 Colorado. Alternatively, you might want to rent a car for a month, if the above deal breaks the bank.
However, if you are in the market for something bigger, you should be thinking of a full-size pickup truck, such as the 2020 Silverado 1500. Most dealerships will let you lease the Silverado at $289 per month over a three-year term, with $3,829 when signing.
The truck is also there for the taking with 0% percent financing over a five-year term, both for the Double Cab and Crew Cab configurations. A select number of models are obtainable for a cashback of up to $3,500. Consult your dealership for the manufacturer and state-based deals.
The 2020 Silverado has a lease special, which needs $459 every month for a 39-month lease-term, with $3,529 due at signing. Moreover, the 2020 Silverado Crew Cab can get you up to $2,000 in rebates.
Here is an overview summary table for Chevy truck leases 2020
|Per Month Pay
|Due at Signing
|2019 Chevrolet Colorado Crew 4WD LT
|2020 Chevrolet Colorado Crew Cab 4WD LT
|2019 Chevrolet Silverado 1500 Crew Cab 2WD
|2020 Chevrolet Silverado 1500 Crew Cab 4WD LT
|2019 CHEVROLET SILVERADO 1500 Double Cab 4WD
The Best GMC Truck Lease Deals
The General Motors trucks Company, GMC, with Chevrolet, Chevy, are among the top vehicle brands in the United States. You have probably noticed that vehicles under the two brands, especially trucks, are usually identical.
This is because one company; General Motors or GM, makes both brands. It means that both Chevy and GMC are both automakers under General Motors.
In that case, the real question is what makes their trucks different from each other? First off, GMC trucks carry higher price tags than Chevy Colorado and Silverado trucks. However, there is a good reason for this.
Since GMC is focusing on utility automobiles such as SUVs and pickups, their trucks are often of higher quality and come better equipped than the standard Chevys.
For that reason, GMC truck lease deals are aimed at professionals, more than Chevrolet pickup trucks are. If you are in the market for a truck that is better customized for towing and hauling, GMC provides a better choice.
Their trucks come with more features to support you in your work. On the other hand, Chevy trucks are more appealing to the mass consumer market in the US. Therefore, you might opt for the latter, over GMC trucks if you are a recreational pickup driver.
GMC vehicles have more benefits beyond carrying more premium features than the Chevy pickups do. For instance, GMC trucks come with notable and stylish designs, with a sharper front end, symbolizing a higher-quality brand.
The Denali lineup further demonstrates GMC uniqueness as a luxury brand. This has earned GMC the most refined brand position in the Kelley Blue Book’s auto industry ranking report.
The 2 Door Chevy Truck Lease Deals
Early this year, Chevrolet announced that it would be making the last sale of the 2 door chevy truck in the first quarter of 2020. It means the auto company has dropped the regular-cab version for the latest Chevy Silverado 1500. Although Chevy has been offering the regular Silverado cab, it was a past-generation model, the Silverado 1500 LD.
This is in line with General Motors new strategic plan, targeting the premium auto market. Moreover, with low demand for the truck, the automaker found the model bad for business.
According to Chevy representatives, the four-door crew cab has nearly 70% of the current Silverado market demand. Another 18% is for the shorter-rear door double cab. It means that only 12% of shoppers are looking for a regular cab.
With the smaller take rate, Chevrolet quickly prioritized production, hence availing the four-door trucks. However, 12% still translates to a significant number of vehicles, bearing in mind that General Motors sold over 800,000 Sierra and Silverado in 2018; it amounts to around 96,000 units. This explains why Chevy was still selling the regular cab in the first quarter of 2019.
For the last quarter of 2019, however, you shouldn’t look forward to the regular cab in chevy truck lease deals. Instead, you can opt for the 2019 Chevrolet Silverado 1500 LD, which is a limited-production of the old Silverado 1500, a single cab version that Chevy no longer produces.
The Silverado 1500 LD Truck Lease Deal
The previous Chevrolet Silverado 1500 has a completely new design in 2020. Therefore, if you are hoping to obtain information about the truck, we recommend trying with used car dealers. However, because Chevy opted to keep the old truck for another year, it got a new name: the 2019 Silverado 1500 LD, which is the model you should be looking for.
There is only one model available for the Chevrolet Silverado 1500 LD truck. It comes as a full size pick-up in the four door extended cab. With the shot-bed version gone, the long-bed version can seat as many as six people. If this is what you are looking for, Chevy provides three trim levels to choose from when leasing: the Custom, LT, and Work Truck or WT.
- Price Rates: The Silverado 1500 LD provides the cheapest pickup version. With prices starting at $29,895, it costs $3,900 less than the new Chevy Silverado model. Additionally, it only costs $100 more than 2018’s regular cab Silverado 1500.
Why The Chevy 2 Door Truck Offers Better Lease Deals?
In comparison to other regular cab brands such as the Ford F-150 and Ram 1500, Chevy’s offering is still slightly costlier. The Ford and Ram start at $29,750 and $29,090 respectively. Nonetheless, these are costs based on the short bed model, which is no longer available with Chevrolet.
If you were to compare with similar long-bed models, the Ford F-150 has priced over the Chevy with a $30,050 tag. Since the Ram does not charge more for a long bed, it remains cheaper. However, we find it worth noting that Ram’s price is based on the old model. It is yet to give a redesign for 2020.
We can, therefore, conclude that the regular cab version (Silverado 1500 LD) of the 2019 Chevy Silverado, previously the 2-door truck, is the cheapest new-model pickup lease of the Silverado 1500.
Chevy Truck Month Incentives
If you are currently looking for a great lease deal on a new truck, there is no better time to find the perfect fit for your needs than during this Chevy Truck Month. The September and October Fall sale is normally full of chevy truck month incentives.
Chevy truck month is geared towards offering shoppers discounts on a wide range of new Chevy trucks and utility vehicles such as the Silverado 1500 LD, Colorado, Silverado 3500HD, Tahoe, and Silverado 2500 HD.
Here are the Chevy Truck Month total savings on the New Chevrolet Silverado 2500 HD Crew Cab 4WD LTZ:
|Manufacturer’s Suggested Retail Price
|Price Reduction Below MSRP
|Special Value Price or Manufacturer’s Incentive
|Purchase Bonus Cash or Chevrolet Bonus Cash Program
|Customer Cash or Consumer Cash Program
These chevy truck month incentives are available across all models
|Other Incentives You Could Qualify For
|Cash Allowance When Financed w/ GM Financial or the GM Down Payment Assistance Program
|Current GM Lessee Loyalty Cash Allowance or GM Lease Loyalty Purchase Program
|Current Non-GM Lessee Cash Allowance or GM Competitive Lessee Program
|You will have to confirm with your dealer whether you qualify for these special programs
With these incentives during the Chevy truck month, you will find it easier and more affordable to drive home your new favorite truck.
Chevy Silverado Lease Calculator
Are you curious how much your lease payments would cost? Most of us love leasing cars because of the lower monthly payments. However, how do you find out the amount Chevy lease deals will save you? You do not have to worry how about calculating your lease payment.
When leasing the Silverado, for instance, simply plug your figures into the Chevrolet lease payment estimator for an estimate of your monthly payment. Make this tool your chevy Silverado lease calculator before reaching out to the dealer for your model of choice during this 2020 Chevy truck month.
If you are ready for the chevy truck month, plenty of incentives on chevy truck lease deals are up for grabs. You will want to keep in mind that there is a catch for the incredibly low lease payments. You are just paying for the projected depreciation over the lease term. Therefore, to obtain a great lease deal, we recommend you look further than just the monthly payments.
It is essential to understand how leasing works, do your research, and negotiate as though you were buying the truck. If you look closely at the automakers that push leasing, you will find that they are profitable. It means leasing is a smart and profitable move for car manufacturers, making it more vital for you to lease wisely.
Frequently Asked Questions (FAQ)
What is the cheapest pickup truck to lease?
Pickup trucks often cost upwards of $48,000. High selling prices often carry high payments. The Silverado 1500 LD could be one of the cheapest pickup trucks to lease in 2019, with a $29,895 price tag. However, other factors such as Chevy truck month incentives and special manufacturer incentives can lower your lease payments from the estimated costs.
How much does it cost to lease a Chevy Silverado?
The cost of a Chevy Silverado lease can vary depending on the configurations of your model. Besides, it will also depend on whether you qualify for special manufacturer allowances such as the General Motors Down Payment Assistance Program, which reduces the money you put down by $1000.
What trucks lease the best?
GMC and Chevy trucks are among the most popular in the auto industry. However, other brands such as the 2019 Ford Ranger, 2020 Jeep Gladiator, 2019 Toyota Tundra, and 2019 Toyota Tacoma, are also in high demand in the mass market. Individual models usually cater to a specific demographic in the truck industry.
Is leasing a truck a good idea?
Leasing is a good idea depending on your situation. Monthly payments for the lease cover taxes and depreciation over your lease term. This results in lower payments than purchasing a truck. On the other hand, leasing a truck does not build up any equity on the automobile, which is its biggest drawback.